Citibank Uganda

Citibank Uganda Limited

Type	Subsidiary of Citigroup[1]
Industry	Financial Services
Founded	1999
Headquarters	4 Ternan Avenue Nakasero, Kampala, Uganda
Key people	Chinedu Ikwudinma Managing Director[2]
Products	Loans, Checking, Savings, Investments, Debit Cards
Revenue	Aftertax: US$11.2 million (UGX:26.2 billion) (2010)
Total assets	US$282 million (UGX:661.8 billion) (2010)
Employees	40+ (2010)
Website	Homepage

Citibank Uganda Limited (CUL), also referred to as Citibank Uganda, is a commercial bank in Uganda. It is one of the regulated banking institutions licensed by the Bank of Uganda, the national banking regulator.^[3]

Overwiew

The bank is a medium-sized International bank that focuses on meeting the banking needs of large corporate customersas as well as those of individuals with high networth. As of December 2010^[update], the bank's total asset valuation was approximately US$282 million (661.8 billion). At that time, shareholder's capital was estimated at about US$65 million (UGX:152.9 billion).^[4]. The bank is a 100% subsidiary of Citicorp of New York, which in turn is a subsidiary of Citigroup, an International financial services organization, that maintains its headquarters in the United States of America, and whose shares are quoted on the New York Stock Exchange and on the Tokyo Stock Exchange.^[5]

History

Citibank Uganda Limited was established in 1999 and began commercial banking activities following the issuance of a banking licence by the Bank of Uganda, the national Central Bank and banking regulalor in the country. In December 2009, Cutibank Uganda Celebtrated 10 Years in business, having grown shareholders capital from UGX:5.2 billion (about US$2.6 million) in 1999 to UGX:102 billion (about US$51 million) in 2009.^[6]

External links

• Website of Citibank Uganda Limited
• Website of the Bank of Uganda
• Website of Citigroup
• Company Profile At Bloomberg Businessweek
• Company Profile At Findlaw.com
• Citibank Uganda Partners In Nie Project

See also

• List of banks in Uganda
• Bank of Uganda
• Citigroup
• Economy of Uganda

References

1. ^ Citibank Uganda Is Subsidiary of Citigroup
2. ^ Chinedu Ikwudinma Is Managing Director
3. ^ List of Licensed Commercial Banks In Uganda
4. ^ December 2010 Financials
5. ^ About Citibank Uganda Limited
6. ^ Citibank Uganda Celebrates Ten Years